PETALING JAYA: Analysts are mostly revising upwards their crude palm oil (CPO) price forecasts for the remainder of 2024 and first quarter of 2025 (1Q25) following growing concerns over declining production and supply tightness.
The situation is also reflected by the lower palm oil stockpile figure, of 1.89 million tonnes for October, released by the Malaysian Palm Oil Board (MPOB) on Monday.
